An issuer is considered to be active in the extractive or logging of primary forest industries if any of its subsidiary undertakings are:
active in the extractive industry as defined in article 41(1) of the Accounting Directive; or
active in the logging of primary forests as defined in article 41(2) of the Accounting Directive.
In this guidance “subsidiary undertaking” has the meaning given in regulation 2 of the Reports on Payments to Governments Regulations 2014 (SI 2014/3209).
[Note: article 44(1) of the Accounting Directive]
The FCA considers a report on payments to governments which is prepared in accordance with the Reports on Payments to Governments Regulations 2014 (SI 2014/3209) to be in compliance with DTR 4.3A.7 R (1).
The report in (1) must be filed by uploading it to the system identified by the FCA on its website as the national storage mechanism for regulatory announcements and certain documents published by issuers.
A report filed under (2) must be in XML (extensible markup language) format and must use the XML data schema developed for the purposes of facilitating software filing to be used for the purpose of delivering a report on payments to governments dated 1 August 2016 and comprising:
the Extractive Report Schema Definition;
the ISO Country Code Schema; and
the ISO Currency Codes.
The technical requirements in respect of the XML data schema are specified on the UKLA section of the FCA’s website at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/reports-payments-governments.